Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (2939)	7/23/2002 10:11:52 AM
From: stockman_scott	Read Replies (1) of 89467

For some insight on Chicago real estate here's a clip from the latest issue of our local business journal... NEW-HOME SALES PLUNGE IN 2ND QTR. July 22, 2002 Crain's Chicago Business <<...New-home sales in the Chicago region fell 9.7% during the second quarter, compared with the same period last year, according to a survey by Schaumburg-based Tracy Cross & Associates. Driving the decline were slumping sales in Chicago, which came in 36.6% lower than a year earlier. Sales of new homes in the suburbs declined 4.4%. Prices rose slightly, with the average price of a new single-family home increasing 4.1% to $249,718, and the average price for a new townhome or condominium up 1.9% to $260,227...>> chicagobusiness.com ____________________________ From what I've heard from friends in the industry the prices are starting to soften -- slowly but surely...There are only a few areas where they seem to be holding up. Yet, the sales are dropping and we seem to have a large number of condos, brownstones, and homes on the market.

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